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Credit Counselor Jobs in Chicago, IL (NOW HIRING)

Citi

Commercial Credit Officer

Chicago, IL · On-site

... counsel to ensure all approval terms are accurately reflected in closing documents. Maintain ... Mentor and develop junior credit professionals, sharing technical expertise and contributing to ...

Citi

Commercial Credit Officer

Chicago, IL

... counsel to ensure all approval terms are accurately reflected in closing documents. Maintain ... Mentor and develop junior credit professionals, sharing technical expertise and contributing to ...

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All JobsCredit Counselor JobsCredit Counselor Jobs in Chicago, IL

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How much do credit counselor jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for credit counselor in Chicago, IL is $26.10, according to ZipRecruiter salary data. Most workers in this role earn between $23.03 and $27.26 per hour, depending on experience, location, and employer.

What is a credit counselor?

A credit counselor helps people with poor credit ratings reduce their debt. As a credit counselor, your duties center on assisting clients resolve financial problems. You are also in charge of helping clients improve their finances. These duties include helping clients develop a debt management plan and strategies to pay off a loan, and negotiating with lenders on behalf of your clients. Credit counselors must be knowledgeable in business and finance and have excellent communication skills. Credit counselors may work for credit agencies or financial consulting firms. You spend much of your time in an office, but occasional travel may be required.

What does a credit counselor do?

Credit Counselors work closely with clients to assess their financial situation, review credit reports, and understand their goals. They often collaborate with creditors, negotiate repayment terms, and may work alongside financial advisors or social service organizations to provide comprehensive support. This role requires strong communication and empathy, as Credit Counselors guide clients through challenging financial situations while coordinating with various stakeholders to ensure the debt management plan is realistic and achievable.

What skills and qualifications are needed to be a credit counselor?

To thrive as a Credit Counselor, you need a solid understanding of personal finance, credit management, and debt resolution, often supported by a relevant degree or financial counseling certification. Familiarity with budgeting software, credit reporting systems, and financial analysis tools is typically required. Strong interpersonal skills, empathy, and effective communication help build trust and guide clients through sensitive financial situations. These skills enable Credit Counselors to provide tailored advice, empower clients to make informed decisions, and foster long-term financial stability.

What is the difference between Credit Counselor vs Debt Counselor?

AspectCredit CounselorDebt Counselor
CredentialsCertified Credit Counselor (e.g., AFCPE, NFCC)Same certifications as Credit Counselor
Work EnvironmentNonprofit agencies, financial institutions, government programsDebt management firms, nonprofit agencies, financial advisory services
Industry UsageCommonly used in credit and financial educationFocused on debt resolution and repayment plans
Search IntentSeeking credit advice, budgeting helpLooking for debt reduction strategies

Both Credit Counselors and Debt Counselors assist clients with financial issues, but Credit Counselors primarily focus on credit education and budgeting, while Debt Counselors specialize in debt management and repayment plans. The roles often overlap, and professionals may hold similar certifications. Understanding these differences helps in choosing the right service for your financial needs.

What do you need to be a credit counselor?

To become a credit counselor, individuals typically need a high school diploma or equivalent, along with relevant training or certification in credit counseling or financial education. Many employers prefer candidates with strong communication skills and knowledge of budgeting, debt management, and financial planning. Certification from organizations like the National Foundation for Credit Counseling (NFCC) can enhance job prospects and credibility.
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Credit Counselor jobs near you
Infographic showing various Credit Counselor job openings in Chicago, IL as of August 2026, with employment types broken down into 1% Internship, 82% Full Time, 16% Part Time, and 1% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $54,297 per year, or $26.1 per hour.

Associate / Vice President, Credit Opportunities

InforCapital

Evanston, IL • On-site

$120 - $190/hr

Other

Posted 23 days ago

Job description

# Associate / Vice President, Credit OpportunitiesIndustrial Opportunity PartnersAssociate / Vice PresidentPrivate CreditOn-siteLocationEvanston, United StatesCompensationCompetitive, depending on experience; title (Associate or VP) calibrated to the candidateDate PostedAugust 6, 2026RegionAmericasStay ahead of the marketGet instant notifications when new job openings matching "Private Credit / Associate / Vice President jobs in Evanston, United States" are published.## About This Role**Role overview**Industrial Opportunity Partners (IOP), a Chicago-area private equity firm investing out of its fourth fund in middle-market manufacturing and distribution businesses, is adding an Investment Team professional at the Associate or Vice President level focused on its Credit Opportunities strategy.**Key responsibilities**- Screen, source and evaluate borrowers and credit facilities, including capital structure, covenant and intercreditor analysis, and recovery/waterfall modeling- Underwrite new transactions across both credit opportunity and traditional buyout deal flow- Build and manage financial models; conduct business and industry diligence to underwrite opportunities- Support debt financing for buyouts (lender outreach, diligence, underwriting)- Attend management presentations and lender meetings; coordinate with counsel, advisors, and restructuring professionals- Participate in portfolio company management, attend board meetings, and track KPIs throughout the ownership process**Qualifications**- 3-6 years of experience across special situations/distressed investing, restructuring advisory, leveraged finance, private credit, M&A investment banking, or private equity- Familiarity with capital structures and credit documentation (credit agreements, intercreditor and security documents) and out-of-court workouts / Chapter 11 mechanics- Strong financial modeling, valuation, and recovery/waterfall analysis skills for both equity and credit investments- Eligibility to work in the U.S. without sponsorship**Compensation & location**Based in Evanston, Illinois (~10 miles north of downtown Chicago). Compensation is competitive and depends on experience, with the final title (Associate or Vice President) calibrated to the candidate's background. IOP is currently investing out of its fourth private equity fund focused on U.S. middle-market manufacturing and distribution businesses.Apply for this Position #J-18808-Ljbffr

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